Mike Iryami Acquires Multifamily Property On West 84th Street For $2M
$2,000,000
$308/SF
Building Size
6,480 SF
Asset Type
MultiFamily
Closing
May 24, 2024
AI
A multifamily property spanning 0.3 acres located at 315-319 West 84th Street in Los Angeles was successfully sold. The property, with a total of 6,480 square feet, was acquired for $2 million at a price per square foot of $309. The buyer, represented by Mike Iryami of BRC Advisors, purchased the property, while the seller was represented by Juan Cardenas of Re/Max Commercial & Investment Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 315-319 West 84th Street
- Market: Los Angeles
- Square Footage: 6,480
- Price Per Square Foot: $309
- Buyer's Rep: Mike Iryami - BRC Advisors
- Seller's Rep: Juan Cardenas - Re/Max Commercial & Investment Realty
BRC Advisors' Mike Iryami facilitated the purchase of the multifamily property at 315-319 West 84th Street on behalf of the buyer. On the seller's side, Juan Cardenas of Re/Max Commercial & Investment Realty played a key role in representing the seller in this transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93